California forced to issue IOUs
Cash-strapped California will resort to giving state vendors and agencies IOUs promising payment after lawmakers failed to agree on how to tackle the state's $24.3 billion budget shortfall. Full Article
Small business malaise
Delinquent loans at small and medium-sized U.S. businesses jumped in May to new highs for the current recession, according to PayNet. Full Article
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The Madoff Scandal
Follow all the latest news in the aftermath of Bernard Madoff's sentencing. The disgraced financier received 150 years for perpetrating Wall Street's biggest investment fraud. Full Coverage
Tragedy off Comoros
Friends and relatives react to news of the plane crash off the Comoros.Most Popular on Reuters
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